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Archive for December 2012 announcements
Following yesterday’s trading halt, Trade Me Group Limited (“Trade Me”) has been advised that Fairfax Digital Holdings NZ Limited (“Fairfax”) has successfully completed a sell-down of its 51 per cent holding of issued capital in Trade Me. Settlement of the sale of the shares is expected to occur this Friday. All this means Fairfax will no longer be a shareholder in Trade Me.
The trading halt on Trade Me shares was lifted at 8:40am today.
For more information, please visit Trade Me’s investor relations website.
You might have seen over on our investor website that shares in Trade Me Group Limited are in a trading halt this morning. Fairfax Media Limited has advised that it has entered into an agreement with an investment bank for the sale of its 51 per cent stake in Trade Me, and that a “book build” process is continuing. Trade Me shares will remain in trading halt until this book build is completed. On completion of the sale, Fairfax will no longer be a shareholder of Trade Me.
We wanted to let you know Trade Me has entered into an agreement to purchase Richmond-based accommodation website Holiday Homes, an online directory of holiday homes, baches, and cribs around New Zealand and the South Pacific.
We reckon it will complement our existing travel businesses Travelbug, BookIt and Holiday Houses nicely, and we’d like to welcome all the customers and staff of Holiday Homes to Trade Me.
We’re always looking for ways to improve how listings are categorised on Trade Me. Today we have made some changes to the category structure on Trade Me Jobs in order to help job hunters find relevant jobs more quickly. Some new categories have been added and some of our existing categories have been renamed or removed.
Any job listings on the site in categories that were renamed or removed have been automatically moved over into the most closely related updated category.
If you have any questions, feel free to get in touch with us.
Around 100 Trade Me staffers dressed up in santa suits for the Great New Zealand Santa Run in Wellington yesterday. Despite the blustery winds and horizontal rain, the team did a top job bolting around the waterfront in an effort to raise awareness for the KidsCan charity. We’re also helping out by donating $1 to KidsCan for every new toy bought on Trade Me on Sunday 9 December (anticipated to be our busiest shopping day of the year).